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Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme , [ 1 ] [ 2 ] [ 3 ] and is now serving a 110-year federal prison sentence.
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
American Greed is an hour-long American television show that currently airs on CNBC, Escape (TV network), and CourtTV's over-the-air "MYSTERY" channel. The show profiles various cases involving corporate fraud and white collar crimes. Some of the episodes profile two of these cases in a single episode.
This is part three of a four-part series on the crimes of global financier Allen Stanford. For part one of the series, click here. If any one statement sums up the gut-wrenching experience of ...
Texas native Allen Stanford found out just that when his $7 billion fraud came crashing down on his head in 2009. And for Stanford, it was a long, rocky slide from billionaire financier Sir Allen ...
He, along with others at CNBC were berated by Jon Stewart in the aftermath of the financial crisis of 2007–2008 for failing to predict the downturn and ask tough questions of Wall Street executives. On his show, Quintanilla had once asked Allen Stanford, later known as the orchestrator of a "massive Ponzi scheme", how it felt to be a billionaire.
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The host of CNBC's Mad Money, Cramer appeared in response to host Jon Stewart's highly publicized week-long criticism of CNBC. The exchange began with a scathing piece on CNBC's miscalculations regarding the financial crisis of 2007–2008 in response to CNBC commentator Rick Santelli , who had recently said on the floor of the Chicago Board of ...